Fund Accounting & Reporting Associate
Our client is a prestigious hedge fund based in New York City, with over $200 million in AUM, renowned for its innovative investment strategies and market leadership. As they continue to grow, they are seeking a skilled Fund Accounting & Reporting Associate to join their high-performance team. This is an exciting opportunity for a motivated individual to contribute to the financial reporting and accounting functions at one of the most respected hedge funds in the industry.
The Fund Accounting & Reporting Associate will play a pivotal role in managing the financial integrity of the firm’s investment funds. This position combines fund accounting responsibilities with financial reporting, ensuring accurate and timely reporting of fund performance, valuations, and financial statements. The successful candidate will work closely with senior management and portfolio managers, providing insights into financial performance and supporting key decision-making processes.
Key Responsibilities:
Oversee the daily and monthly accounting for hedge fund structures, ensuring accurate NAV calculations, portfolio valuations, and reconciliations of fund activity.
Maintain accurate general ledgers and assist in the month-end and year-end close processes for multiple funds.
Ensure timely and accurate recording of investment transactions, fund expenses, and cash flows.
Collaborate with external fund administrators, auditors, and internal stakeholders to ensure consistency and accuracy in fund accounting.
Prepare and review financial statements, investor reports, and performance reports, providing detailed insights into fund performance and portfolio activity.
Develop monthly and quarterly reporting packages for investors and senior management, ensuring clarity and transparency in financial performance.
Manage the preparation of regulatory reports and ensure compliance with GAAP or IFRS accounting standards and regulatory requirements.
Work with auditors to support the year-end audit process and respond to any financial reporting inquiries.
Qualifications & Skills:
3-7 years of experience in fund accounting and financial reporting, ideally within a hedge fund or asset management firm.
In-depth knowledge of GAAP, IFRS, and fund accounting principles.
Experience with hedge fund structures, investment vehicles, and the complexities of alternative investments.
Proficiency in financial reporting systems such as Advent Geneva, BlackRock Aladdin, or similar platforms.
Strong Excel skills and familiarity with additional reporting tools like SQL or Alteryx.
Excellent attention to detail with the ability to handle complex financial data and deliver clear, concise reporting.
Strong interpersonal skills with the ability to collaborate across departments and effectively communicate with senior management and external stakeholders.